Nvidia set to replace Intel in the Dow Jones Industrial Average on November 8 — All you need to know

Nvidia set to replace Intel in the Dow Jones Industrial Average on November 8 — All you need to know

Artificial intelligence (AI) chipmaker Nvidia Corp will soon be part of Wall Street’s oldest three main equity benchmark indices, displacing no less than Silicopn Valley giant Intel, Bloomberg reported. Nvidia, which is “at heart of the artificial intelligence boom”, will replace rival Intel Corp. in the 128-year-old Dow Jones Industrial Average from November 8, according … Read more

Nvidia CEO Jensen Huang reveals PM Modi’s early push for AI left him surprised: ‘About 6 years ago…’

Nvidia CEO Jensen Huang reveals PM Modi’s early push for AI left him surprised: ‘About 6 years ago…’

Jensen Huang, chief executive officer (CEO) of artificial intelligence (AI) giant Nvidia, has revealed that six years ago Prime Minister Narendra Modi had asked him to address his cabinet on AI, said a report by India Today. “About 6 years ago, when I first met Modi Ji, he asked me to meet his cabinet and … Read more

How AI models are getting smarter

How AI models are getting smarter

All these things are powered by artificial-intelligence (AI) models. Most rely on a neural network, trained on massive amounts of information—text, images and the like—relevant to how it will be used. Through much trial and error the weights of connections between simulated neurons are tuned on the basis of these data, akin to adjusting billions … Read more

The breakthrough AI needs | Mint

The breakthrough AI needs | Mint

Large language models have a keen appetite for electricity. The energy used to train OpenAI’s GPT-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the following one $10bn. … Read more

The breakthrough AI needs | Mint

The breakthrough AI needs | Mint

Large language models have a keen appetite for electricity. The energy used to train OpenAI’s gpt-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the following one $10bn. … Read more

What Ola founder Bhavish Aggarwal’s AI chip ‘moonshot’ means

What Ola founder Bhavish Aggarwal’s AI chip ‘moonshot’ means

New Delhi: If Bhavish Aggarwal, founder of now-listed Ola Electric, is known to dream big, his newest ambition is audacious by even his standards: to build “India’s first AI (artificial intelligence) chips” in four years. Such a plan would thrust Aggarwal, who is likened to Elon Musk for his public persona, into an industry with … Read more

The race is on to control the global supply chain for AI chips

The race is on to control the global supply chain for AI chips

In 2023 Apple released the iPhone 15 Pro, powered by the a17 bionic chip, with 19bn transistors. The density of transistors has doubled 34 times over 56 years. That exponential progress, loosely referred to as Moore’s law, has been one of the engines of the computing revolution. As transistors became smaller they got cheaper (more … Read more

What could kill the $1trn artificial-intelligence boom?

What could kill the $1trn artificial-intelligence boom?

Mr Pichai is not alone. New Street Research, a firm of analysts, estimates that Alphabet, Amazon, Meta and Microsoft will together splurge $104bn on building AI data centres this year. Add in spending by smaller tech firms and other industries and the total AI data-centre binge between 2023 and 2027 could reach $1.4trn. The scale … Read more

Is artificial intelligence making big tech too big?

Is artificial intelligence making big tech too big?

When ChatGPT took everyone by storm in November 2022, it was OpenAI, the startup behind it, that seized the business world’s attention. But, as usual, big tech is back on the front foot. Nvidia, maker of accelerator chips that are at the core of generative artificial intelligence (AI), is now duelling with Microsoft, a tech … Read more

Mint Primer | Intelligent bet: Can Nvidia keep up its swift rise?

Mint Primer | Intelligent bet: Can Nvidia keep up its swift rise?

Last week, Nvidia briefly overtook Apple to become the second most-valuable company in the world at $3.01 trillion. Even as Nvidia shareholders and its chief executive rejoiced, analysts and watchers of the company claimed the future may not be so easy. Mint explains: What explains Nvidia’s rise to the top table? Nvidia’s rise to the … Read more